B & M Precision, Inc.benefits

B & M Precision, Inc.'s benefits plans covered 337 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $235,249. Insurance brokers and agents were paid $73,273 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 31.1% of premiums. That is $217 per covered person, above the median for employer plans that report broker pay. Broker pay rose 13% from $64,576 in 2023.